ALBERTSON'S, INC. RENEWS STOCK BUYBACK PROGRAM.BOISE, Idaho--(BUSINESS WIRE)--March 3, 1997-- Albertson's, Inc. (NYSE NYSE See: New York Stock Exchange :ABS) Board of Directors adopted a resolution authorizing, but not requiring, the Company to purchase and retire up to 7 million shares of the Company's common stock during the period beginning April 1, 1997 and ending March 31, 1998. The timing and quantity of such purchases, if made, are at the Company's discretion. The previous resolution authorizing the Company's Stock Buyback Stock buyback A corporation's purchase of its own outstanding stock, usually in order to raise the company's earnings per share. stock buyback See buyback. Program will expire on March 31, 1997. The authorization under the previous resolution was for 7 million shares, of which 1.6 million have been purchased and retired to date. Albertson's, Inc. is one of the largest retail food-drug chains in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Boise, Idaho “Boise” redirects here. For other uses, see Boise (disambiguation). Boise is the capital and most populous city of the U.S. state of Idaho. It is the county seat of Ada County and the principal city of the Boise metropolitan area. based company currently operates 826 retail stores in 20 Western, Midwestern and Southern states. CONTACT: Albertson's, Inc., Boise, Idaho Investor Relations Investor relations The process by which the corporation communicates with its investors. -- A. Craig Olson, 208/395-6284 Renee Bergquist, 208/395-6622 News Media -- 208/395-6392 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion